Flputnam Investment Management Co. Sells 14,496 Shares of The Boeing Company (NYSE:BA)

Flputnam Investment Management Co. reduced its stake in The Boeing Company (NYSE:BA) by 84.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,742 shares of the aircraft producer’s stock after selling 14,496 shares during the period. Flputnam Investment Management Co.’s holdings in Boeing were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

BA stock opened at $170.24 on Tuesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $203.80. The company has a market cap of $127.69 billion, a P/E ratio of -9.29 and a beta of 1.52. The stock’s fifty day moving average price is $176.72 and its 200-day moving average price is $164.64.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.